Assignment details for Taxation Law and Practice A
While the assignment is largely based on material covered, you are free to research and seek advice as widely as you find necessary – there are no limitations as to sources. However, sources should be appropriately referenced.
Note that as the assignment is for assessment purposes, more is expected than just the calculations in a tax return. If there are any issues that require clarification by you, you should provide a brief discussion of the matter and justify any conclusions you may reach. Where there are figures provided without adequate justification, marks will not be awarded.
Note: There is no prescribed format for the layout of the assignment. You may wish to have the statement of income first, followed by supporting discussion and conclusions; or you may present your discussion first, and then show the statement of income following from this. Some students choose to show the workings for each section of the assignment with the relevant discussion and complete the assignment section by section in this manner. The statement to show calculation of taxable income and tax payable should correspond to the taxing formula.
The workings and taxing formula will need to be included in tables within the assignment or appendices to the assignment, preferably using tables or columns.
The assignment is to be submitted online in Moodle. Submission must consist of one (1) document only. This document must be in Word format only ie .doc or .docx.
Case Study
Jess Jones has approached you for preparation of her 2012/13 tax return, and determination of her tax liability. Jess has been meticulous in keeping records, and provides you with the following information. It should be noted that the information provided represents her understanding of what may be relevant for income tax purposes, and you will need to form your own judgement on the various matters based on your knowledge of Australian income tax law. If any doubt…